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Author Topic: Syrian crisis could lift price of crude oil, gas Back to Topics
gamechanger2011

Champion Author
Wichita

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Message Posted: Aug 28, 2013 11:55:58 AM

Another reason that we should be using higher ethanol blends!

"That September drop you were expecting for gasoline prices? Don't hold your breath.

Currently, gasoline averages $3.55 a gallon nationally, down from $3.63 a month ago.

Most analysts had expected a drop to about $3.40 by early fall, as seasonal demand slumps after the summer driving season.

Not now. Some forecasters predict a short-term spike of up to 10 cents a gallon. Crude oil prices and gas futures soared the past three days.

The reason: growing fears that if the U.S. military strikes back at Syria for its unacceptable handling of civil unrest intervention, one consequence could be a supply disruption in the Middle East.

The price of crude oil rose $1.40 to $110.40 a barrel Wednesday in futures trading on the New York Mercantile Exchange. The wholesale price of gas -- as measured by futures contract trading -- climbed 1% to $3.06 a gallon. Consumers typically pay about 60 to 75 cents more a gallon at the pump."

Syrian crisis could lift price of crude oil, gas

[Edited by: gamechanger2011 at 8/28/2013 11:56:48 AM EST]
REPLIES (newest first) Post a Reply
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forresj
Champion Author Wilmington

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Message Posted: Oct 17, 2013 9:20:55 AM

"...It was a reasonable assumption to think that a U.S. military strike on Syria would raise gasoline prices. Unfortunately, President Obama doesn't mean what he says...."

----------------

You're an idiot. Syria agreed to comply after the U.S. announce a military strike if Syria didn't eliminate their chemical weapons. So you suggest that the U.S. should still strike Syria after they surrendered? You're a damn sadist.
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Dennis783
Champion Author Des Moines

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Message Posted: Oct 17, 2013 7:59:15 AM

fuel is too important to our economy to allow a system where the price can be manipulated by factors other than supply and demand
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stonejd
Champion Author Illinois

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Message Posted: Oct 10, 2013 1:07:03 AM

It's doubtful that it does... if it hasn't yet, it will be moderate at best.
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aRBy
All-Star Author Grand Rapids

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Message Posted: Oct 9, 2013 2:05:57 AM

It was a reasonable assumption to think that a U.S. military strike on Syria would raise gasoline prices. Unfortunately, President Obama doesn't mean what he says.
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TomB2
Champion Author St. Louis

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Message Posted: Oct 6, 2013 3:36:53 PM

"That September drop you were expecting for gasoline prices? Don't hold your breath."

Looks like you lost.
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Primetime57
Champion Author Long Island

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Message Posted: Oct 5, 2013 11:29:15 AM

Gas prices seem to be on a slide right now and Syrian is going on about the same it did when it started minus the chemical gas attacks against its own people.
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smugutu1234
Champion Author Tallahassee

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Message Posted: Oct 4, 2013 7:13:14 AM

Interesting
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aRBy
All-Star Author Grand Rapids

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Points:356,290
Joined:May 2005
Message Posted: Oct 3, 2013 11:03:16 PM

Oil prices are a roller coaster. With a flex fuel vehicle, I can buy E85 when oil prices are high; gasoline when oil prices tumble.

Flex fuel vehicles are the big equalizer for the American motorist.

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reb4
Champion Author Chicago

Posts:23,508
Points:2,310,275
Joined:Sep 2004
Message Posted: Oct 3, 2013 12:32:07 AM

yea, in Chicago went Down from 3.92 to 3.62 average.

Personally, I bought Gas on 8/28 for 3.609 and on 9/28 3.199 so it actually went down a little more for me...
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SilverStreaker
Champion Author Twin Cities

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Message Posted: Oct 1, 2013 10:35:22 PM

Chazzer claims "Didn't happen ... and won't!"
Wrong. Just read the article and look at the Historical Price Chart
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Chazzer
Champion Author Nevada

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Message Posted: Oct 1, 2013 6:12:35 PM

Didn't happen ... and won't!
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Chazzer
Champion Author Nevada

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Message Posted: Sep 24, 2013 2:05:26 PM

... and probably not!
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Chazzer
Champion Author Nevada

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Message Posted: Sep 10, 2013 12:19:31 PM

I doubt it!
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Chazzer
Champion Author Nevada

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Message Posted: Sep 10, 2013 12:17:00 PM

We can hope ... can't we?
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WhiskeyBurner
Veteran Author Illinois

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Message Posted: Sep 1, 2013 9:39:19 PM

I expect it to, I bought a flex fuel car with the expectation of using E85 if something happened yet again, I wasn't tethered to having to buy gasoline and gasoline only.
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33gort33
Champion Author Indiana

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Message Posted: Sep 1, 2013 8:21:25 PM

of course it will - or so they say it will...
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Shockjock1961
Champion Author Illinois

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Message Posted: Aug 31, 2013 10:03:51 AM

"The saber-rattling is all about forcing petroleum prices upward"

Yep, the Syrian government used poisonous gas on it's people just to force the price of petroleum up.. *eye roll*
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aRBy
All-Star Author Grand Rapids

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Message Posted: Aug 29, 2013 11:24:24 PM

The saber-rattling is all about forcing petroleum prices upward.
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gamechanger2011
Champion Author Wichita

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Message Posted: Aug 29, 2013 12:38:55 PM

Prices jumped 20 cents a gallon yesterday in our area!
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darwinfinch
Veteran Author Gasbuddy

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Message Posted: Aug 29, 2013 12:13:32 PM

"In a few decades, the relationship between the environment, resources and conflict may seem almost as obvious as the connection we see today between human rights, democracy and peace."
Wangari Maathai
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darwinfinch
Veteran Author Gasbuddy

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Message Posted: Aug 29, 2013 12:11:54 PM

"If we really wish to put an end to our ongoing international and social problems we must eventually declare Earth and all of its resources as the common heritage of all the world's people."
Jacque Fresco
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skye1212
Champion Author Austin

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Message Posted: Aug 29, 2013 10:51:38 AM

I just filled up. Prices are going to spike up imo.
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goldseeker
Champion Author West Virginia

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Message Posted: Aug 29, 2013 2:40:37 AM

Already has. pump prices jumped 6 cents around here.
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SilverStreaker
Champion Author Twin Cities

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Message Posted: Aug 28, 2013 4:17:38 PM

Yet another reason to use ethanol!
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Steveo763
Veteran Author Twin Cities

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Message Posted: Aug 28, 2013 3:16:48 PM

I'm taking transit more often, and reducing my total vehicle miles traveled, which is the only true solution to our energy problems. Well... until liberals begin approving nuclear plants again, then we can have bountiful carbon-free energy to last for many, many generations.
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skye1212
Champion Author Austin

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Message Posted: Aug 28, 2013 2:27:29 PM

Commodity prices are all up on fear of war in Syria/Iran etc. Probably just a bubble.
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brerrabbitTX
Champion Author Houston

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Points:23,645
Joined:Mar 2011
Message Posted: Aug 28, 2013 1:52:30 PM

"I'm mad as hell and I'm not going to take this anymore."

Then stop buying gas, ride a bike, take public transportation, or walk. Making statements like the one above only gets you on the wrong lists.

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forresj
Champion Author Wilmington

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Message Posted: Aug 28, 2013 12:55:14 PM

Labor Day weekend holiday driving is here. So expect a rise in gas prices. Market manipulators, oil fat cats and terrorists are probably laughing at us right now.

CONSERVE.. CONSERVE.. CONSERVE..

I'm mad as hell and I'm not going to take this anymore.

[Edited by: forresj at 8/28/2013 12:57:11 PM EST]
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